By John Lee.
Reuters reports that Iraq has raised the interest rate its $1.3-billion local bond issue in order to boost sales.
The Central Bank (CBI) increased the rate from 6 percent to 8 percent, with the new rate applying to the whole issue regardless of when they were bought.
The sales period will remain open until the issue is fully subscribed.
(Source: Reuters)
(Bonds image via Shutterstock)
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